The following information is for Wildhorse Inc. for the year ended December 31, 2024: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense (a) $26,000 13,000 75,400 2,080 6,500 16,120 79,300 3,120 39,000 3,900 Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The following information is for Wildhorse Inc. for the year ended December 31, 2024: (a) Prepare a statement of income for the yoar. LEnter negative amounts using either a negative sign preceding the number es. -45 or parentheses es. (45))